CHINA may be the target in America's sights, but any friendly fire will also hit the territory, where re-exports of goods from the mainland goods average 61 per cent of the annual total and are worth an estimated US$1.45 billion, according to government statistics. The territory accounts for $1.45 billion or just under 65 per cent of $2.2 billion worth of US imports from China, according to figures from the Government Information Service (GIS). The GIS said the estimated $2.2 billion represented US imports in 1993 of products in Washington's proposed retaliation list. It said Washington's estimate of $2.8 billion represented imports from China in the year to September 30. Across the whole spectrum of Chinese exports - which includes preserved mushrooms, silk gloves, bicycles, ballpoint pens and miscellaneous articles made of copper - Hong Kong's re-exports average 61 per cent, according to the GIS data. The territory re-exports 100 per cent of China's $16.5 million worth of gold and platinum exports and a similar portion of the mainland's $26.6 million in watch movements exports, the GIS said. Electrical products, plastics and furniture are the big-ticket items likely to hit the territory hardest if China fails to meet Washington's February 4 deadline for clamping down on pirates, improving legal procedures for prosecuting intellectual copyright offenders and increasing market access for certain US products. According to the GIS, the territory accounts for about $511.8 million or 74 per cent of China's $696.3 million in exports of electrical products (cordless handset and cellular radio telephones, answering machines and conductors). The territory re-exports an estimated $315 million or 68 per cent of China's $461.2 million in exports of plastic articles, including sacks, bags, picture frames, household and toilet articles, the GIS said. Other major items include China's $118.3 million in exports of footwear, $156.3 million from sales of ceramic household ware and other ornamental items, and earnings of $380.7 million from wood and metal furniture. Hong Kong's re-exports of footwear total $75.6 million. Re-exports of ceramic household ware total $115.0 million and re-exports of furniture are worth $148.7 million. The GIS said it was not always possible to correlate items on Washington's proposed retaliation list with Hong Kong's re-exports, so the figures were estimates only. Sino-US talks are scheduled to resume on January 18.